Get Approved at The Lowest Rate
Navigating the process of buying a new home in Burbank, CA while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Burbank, CA or getting it ready for the market.
Identify the new home you want to buy in Burbank, CA, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Burbank, CA often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Burbank, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Burbank, CA. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Burbank, CA do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Burbank, CA may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Burbank, CA provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Burbank, CA to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Benefits of Bridge Loans: Bridge loans provide quick access to funds for individuals looking to buy a new home before selling their current one. They offer flexibility, competitive interest rates, and fast approval, making them ideal for those in transitional housing situations. Demographics: Burbank, California, is known for its vibrant community of around 105,000 residents. The population is diverse, with a mix of young professionals, families, and retirees. The city has a strong emphasis on arts and culture, attracting creatives from various industries. Housing Market: Burbank's housing market is competitive, with a median home value of approximately $850,000. The city offers a mix of single-family homes, condos, and apartments. Bridge loans can help buyers secure their dream home in this bustling real estate market. Main Attractions: Burbank is home to major attractions such as Warner Bros. Studios, Walt Disney Studios, and the Hollywood Burbank Airport. The city boasts beautiful parks, trendy restaurants, and a thriving nightlife scene, making it a desirable place to live and work.
Bridge Loans in Burbank, California
